Shine Resunga's Branch at Kharjyang
Shine Resunga's Branch at Kharjyang
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February 15: Shine Resunga Development Bank has started a branch at Kharjyang of Gulmi. The bank having workstation at 10 districts now has 27 branches and two extension counters with the addition. With the paid-up capital of Rs 1.1 billion, the bank collected Rs 9.20 billion deposits and extended Rs 8.17 billion loans within mid-January 2017. "During the period, the bank earned Rs 260.8 million operating profit," said Prakash Poudel, CEO of the…

Siddhartha Insurance Adds Two New Branches under Its Wing
Siddhartha Insurance Adds Two New Branches under Its Wing
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February 15: Siddhartha Insurance has started two new branches at Chabahil and Samakhusi. Chiranjibi Chapagain, Chairman of Insurance Board and Manoj Kumar Kedia, Chairman of BOD of the company jointly inaugurated the branches amid a separate programs organised on February…

'Citizens 5 yearly Fixed Plan'
'Citizens 5 yearly Fixed Plan'
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February 15: Citizens Bank International has launched 'Citizens 5 yearly Fixed Deposit Plan' that offers attractive interest rates. Issuing a press statement, the bank informed that the customers can start an account which provides 12 per cent interest rate per annum with minimum of Rs 100,000 balance under the…

Micromax Launches Canvas Ultra M1 in Nepali Market
Micromax Launches Canvas Ultra M1 in Nepali Market
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February 15: Micromax has launched Canvas Ultra M1 in the Nepali market. Issing a press statement, the company informed that the newly launched handset has special and standard processor compared to other…

Janata Bank to Acquire Triveni Dev. Bank
Janata Bank to Acquire Triveni Dev. Bank
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February 14: The Janata Bank is to acquire Triveni Development Bank. The proposal of its acquisition has been endorsed during the seventh Annual General Meeting (AGM) of the Janata bank held on February…

Sixth Property Expo to be organised in April
Sixth Property Expo to be organised in April
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February 14: Nepal Land and Housing Developers Association is organizing the Sixth Property Expo-2017 Nepal from April 7 to April 10. The expo will be held at Bhrikutimandap in…

Kushaha-Kataiya Transmission Line on Trial
Kushaha-Kataiya Transmission Line on Trial
  0   1 minutes 19 seconds to read

February 14: Kushaha-Kataiya 132 KV transmission line has entered into its trial phase after completion of the construction works. Currently, tests of the transmission line and other installed equipments before charge are being conducted. The 15-kilometer transmission line was completed in around 10…

Ncell Launches ‘Facebook Free’ Offer under its ‘Internet for All’ Theme

February 15: Ncell has unveiled an exciting offer ‘Facebook Free’ in collaboration with Facebook, under the theme ‘Internet for All’. Issuing a press statement, the company informed that all Ncell customers with data capable phones can now use majority features of the popular social networking site Facebook for…

LG Bags 21 CES Innovation Awards
LG Bags 21 CES Innovation Awards
  0   1 minutes 38 seconds to read

February 14: Korean consumer electronics major LG Electronics has bagged 21 awards at CES 2017 Innovation Awards. The Consumer Technology Association (CTA), the organiser of the world’s largest technology show CES, recognised LG for innovations in technology and design of its various…

Coolpad Forays into Nepali Market
Coolpad Forays into Nepali Market
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February 14: Chinese smartphone brand Coolpad has entered the Nepali market. The company amid a function held in the capital on February 13 launched its flagship Cool 1 smartphone to mark its foray in the local…

BFIs to Suspend Real Estate, Vehicles and Share Loans
BFIs to Suspend Real Estate, Vehicles and Share Loans
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February 9: Bank and financial institutions have decided to suspend loan extension to real estate, vehicles and shares for a time being on the verge of liquidity crunch. On Wednesday, February 8 Chiranjibi Nepal, Governor of Nepal Rastra Bank notified the bankers about the liquidity crisis due to loan extension to unproductive…

 Interest Rate Exceeding Spread Rate Inappropriate: CNI
Interest Rate Exceeding Spread Rate Inappropriate: CNI
  0   1 minutes 1 seconds to read

February 9: Confederation of Nepalese Industries (CNI) has slammed banking sector for inappropriately increasing loan interest rates affecting the trade and commerce of the country negatively. The confederation objected the loan interest raise by the banks in the name liquidity crunch which is increasing difficulty to business…

China Handovers 2 Aircrafts to NAC
China Handovers 2 Aircrafts to NAC
  0   1 minutes 16 seconds to read

February 9: China has handed over two aircrafts 'Fewa' and 'Gauthali' to Nepal Airlines Corporation (NAC) on Wednesday, February 8. China handed over the two aircrafts MA 60 and Y-12e among the four aircrafts being imported from China. NAC received the two aircrafts as a loan assistant from Chinese Government as a part of an aircraft deal between Nepal and China. The aircrafts were handed over to Nepal amid a program organised in Tribhuwan International…

Coca-cola Mo:Mo Festival Kicks off
Coca-cola Mo:Mo Festival Kicks off
  0   37 seconds to read

February 9: After the success of last year's mo:mo festival, Coca-cola has yet again kicked off mo:mo festival that will last till March. Issuing a press statement, the company informed that actress Priyanka Karki and players of national football team will meet the visitors eating mo:mo and coca-cola jointly in the festival. Throughout the festival period, the mo:mo enthusiast will be receiving various prizes, as per the company. The festival will feature mo:mo eating competition as…